Pub Overview
Incredible Value: First-Year Rent Just £10,000 - Ideal Opportunity to Launch or Expand Your Business!
The Empire Bar is located in the town of Burnbank, Hamilton. The pub benefits from being one of 2 pubs found in an area of around 3,229 adults. The Empire customer base is made up of local residents, made up of working families, mature couples and retirees.
The offer
Available on our Foundation Tenancy - Three Year fixed term. The potential of this pub lies in maintaining a well thought through Click or tap here to enter text. wet-ledoffer.
What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, Live music and pub games machines. It offers a selection of popular beers, ciders, wines and spirits .
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
* Understanding of the local community
* You know what it takes to build a successful business
* You love hospitality and are great with customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...
Features
* Foundation Tenancy
* Music Venue
* Pub Games
Trading Area & Facilities
1 main bar operation
Horseshoe style bar
Approximately 30+ covers
Private Accommodation
The pub has no private accommodation.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£15,369
Estimated Minimum Ingoing Costs
£8,790
Annual Rent
£15,477
Estimated Annual Turnover
£231,816
Deposit
£3,869
Estimated Fixtures & Fittings Value
£4,000
Estimated Stock Valuation
£4,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Downloads
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
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